Dell Technologies (NYSE:DELL) Director Lynn Vojvodich Radakovich Sells 12,022 Shares of Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Lynn Vojvodich Radakovich sold 12,022 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $421.00, for a total value of $5,061,262.00. Following the sale, the director owned 25,267 shares of the company’s stock, valued at approximately $10,637,407. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dell Technologies Trading Up 1.3%

Shares of Dell Technologies stock opened at $433.53 on Thursday. The stock has a market capitalization of $280.97 billion, a P/E ratio of 34.43, a PEG ratio of 0.92 and a beta of 1.30. The business’s fifty day moving average price is $302.60 and its 200 day moving average price is $195.16. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $469.47.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period last year, the business posted $1.55 EPS. The company’s quarterly revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, sell-side analysts predict that Dell Technologies Inc. will post 17.6 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s payout ratio is 20.02%.

Key Headlines Impacting Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

Analyst Upgrades and Downgrades

DELL has been the subject of several recent research reports. Citic Securities increased their price objective on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. HSBC raised shares of Dell Technologies to a “buy” rating in a research report on Friday, May 29th. Argus increased their price target on Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays downgraded Dell Technologies from an “overweight” rating to a “reduce” rating in a research report on Friday, May 29th. Finally, Daiwa Securities Group increased their target price on Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.38.

Check Out Our Latest Stock Report on Dell Technologies

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC boosted its stake in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Portus Wealth Advisors LLC purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $29,000. Finally, Navalign LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

(Get Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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